(Boursier.com) — In the fourth quarter of 2023, sales of SMCP remained stable compared to 2022 at constant rates. “The Group’s good resilience in the United States made it possible to compensate for a difficult month of December in Europe (particularly
in France), and less dynamic than expected in China”, explains the company.
SMCP now forecasts an annual performance that is slightly weaker than announced. In this case, a turnover of approximately 1,230 MEUR, i.e. growth at constant rates of +3.8% vs. 2022 (previously “mid-single digit growth”).
SMCP also targets an adjusted EBIT margin of between 6.4% and 6.6% of turnover (previously “7% to 9% of turnover”).
At the same time, the Group explains that it accelerated its savings plan in the last quarter of 2023 and continued to make its financial strength a priority.
SMCP will return in more detail to the 2023 annual performances and the continuation of the savings plan for 2024 during the presentation on February 28.
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